XRP's recent surge in price has brought it back into the top 3 cryptocurrencies by market capitalization. As of January 2, 2025, XRP's price has risen to $2.40, with a market capitalization of $137.9 billion ¹.
This upward trend is attributed to the "January Effect," a phenomenon where cryptocurrency prices tend to increase at the beginning of the year. Additionally, the odds of a Ripple ETF (Exchange-Traded Fund) being approved have increased, further boosting XRP's price ².
XRP's current price represents a significant increase from its value last year, with a 282.90% change ¹. The cryptocurrency's trading volume has also seen a substantial surge, with a 144.42% increase in the last 24 hours ¹.
As XRP continues to gain momentum, it's essential to keep an eye on its performance and market trends. Will XRP maintain its position in the top 3, or will other cryptocurrencies challenge its spot? Only time will tell.
